Industry

Reverse mortgage provider reacts to proposed new rules

The Ontario government’s recent proposal to impose tighter regulations on reverse mortgages is being welcomed by the country’s largest provider, the Canadian Home Income Plan (CHIP). At the same time, advisors have some words of warning about the loan product, noting that reverse mortgages are suitable for relatively few clients and should only be contemplated […]

By Doug Watt |July 20, 2004

3 min read

Briefly:

(July 23, 2004) Jovian Capital has completed a deal to acquire 50% of the outstanding shares of hedge fund specialist Pescara, first announced in April. Pescara manages a domestic and an offshore fund of funds. “Pescara is very well situated to take advantage of the growing demand for fund of fund products in the hedge […]

By Staff |July 19, 2004

9 min read

Regulators turn a skeptical eye to soft dollars

(July 19, 2004) They’ve been castigated as the brokerage industry’s dirty little secret and praised as an important funding source for independent research. Whatever your opinion on soft-dollar arrangements, regulators are taking notice and there seems little doubt they will soon be subjected to increased disclosure, according to one industry expert. That new transparency could […]

By Doug Watt |July 19, 2004

3 min read

SEC proposes limited registration for hedge fund managers

(July 16, 2004) A year after convening a two-day conference on hedge funds, the U.S. Securities and Exchange Commission (SEC) has tabled a proposal to force hedge fund managers to register with the commission. In part, the proposal reflects the fact that the SEC knows so little about hedge funds. The proposal “would provide the […]

By Scot Blythe |July 16, 2004

2 min read